Both have a good reputation. The more you buy or sell with Coinmama the more you save on fees. You may make a purchase via the Buy page and select the crypto of your choice from the drop-down menu, as shown below: (For demonstrative purposes, we have selected Bitcoin). This means that Coinmamas price can be as much as a total of 10.9% above the market rate. Aruba 11. You are then required to upload your identification as well as additional photos in order to complete the KYC process. },{ Support requests are usually answered within 24 hours. Most credit transactions will also have a credit clearing fee of between 3%-5%. 5,000 USD / ? Fees. No advanced tools for trading Bitcoin and other cryptos. IT IS WRITTEN CLEARLY IN THE WEBSITE USERS FROM THE US CAN SELL THE BITCOIN ONLINE https://www.coinmama.com/blog/how-to-cash-out-your-bitcoin/. Lastly, you will need to take a selfie with your ID and a note with todays date and the word Coinmama. The integration is intended to streamline trading for Bitget's users and allow them to delve into technical and . This is the account verification process. Coinmama has been able to gain popularity in the world of crypto exchange platforms with the help of its simple user interface. "text": "Available payment methods on Coinmama include debit card, credit card, and bank transfers (including SWIFT and SEPA). Having been launched back in 2013, Coinmama was also amongst the first to support the purchase of Bitcoin with credit and debit cards. Coinmama - Buy Bitcoin Now. "@type": "Question", Coinmama supplies a brokerage service for Bitcoin and other cryptocurrencies. } Prices are denominated in EUR, USD, GBP, AUD, CAD or JPY. "name": "Is Coinmama A Bitcoin Wallet? A full list of supported countries is available on the Coinmama website. Their only downside, in my opinion, is the high fees. Certain countries are also served by a third party, rather than directly by Coinmama themselves. Coinmama ensures speed of delivery, with cryptos reaching buy wallets within minutes. Accepted utility bills include electric, cable, gas, water bills, property tax, bank statements or credit card statements (paper bill or internet bills are not accepted). Level 1 Requires 1 valid government issued ID and a selfie of yourself holding that ID and a note with Coinmama and today's date written on it. "reviewRating": { Bisq Rates and Buying Limits. If youve had your own experience with Coinmama, Id love to hear about it in the comment section below. Visa; Mastercard; Cash (via Western Union transfer) . Coinmama is one of the Slovakia-based cryptocurrency exchanges offering bitcoin buying in 200 countries and dozens of states. This is lower than the 5.9% Coinmama charges. i have complained by mail but they wont give me an answer. "name": "What Is Coinmama? Coinmama does recommend that users enable 2-factor authentication on any wallet apps, however. Log in. Relative to some of its peers, the number of cryptos on offer is on the lighter side. As stated above, Coinmama supports a wide range of countries, probably the widest amongst cryptocurrency exchanges and significantly more than most of its rivals, including Coinbase and BitStamp. Coinmama has aHelp Centerwhich you can search to find answers to your question/s. The basic function will be to answer questions of the customers supported by the . The transaction will always be between you and Coinmama. However, it is a secure platform that has successfully helped over 3 million users purchase digital assets in 188 countries. She was incredibly patient and generous. We also partner with third-party platforms to complete transactions in select areas that we're currently unable to serve directly & offer our very own Non-custodial wallet for IOS & Android devices New to Coinmama or don't have a verified account yet? In Coinmamas case, the company has made ongoing efforts to reduce their fees as much as possible. 2. , by wire transfer (SWIFT, SEPA, Fedwire and FasterPayments) as well as through Apple Pay, The prices you see on Coinmamas website already include the companys brokerage service fee of up to 5.9% for buying crypto and 2.9% for selling. This can be anything from a drivers license to a passport. Coinmama is a leading Cryptocurrency service provider that was established in 2013. Established in 2104, Poloniex is a cryptocurrency exchange that was established by an individual by the name of Tristan D'Agosta. You will also need to enter your country of residence and provide your address and phone number. Coinmama is an online cryptocurrency exchange supporting the purchase of cryptos. Coinmama is not available in the following US states: Coinmama operates in over 190 countries and territories worldwide. "name": "How Long Does It Take To Buy Bitcoin On Coinmama? You have the choice between uploading a (1) Driver's License, (2) National or State ID, or (3) Non-US Passport. Fees Although Coinmama provides convenience and speed, there may be fees & charges as well. In this review Ill cover the company, its services and also compare it to other leading brokers. When it comes to exchanges, Coinmama is often compared to Coinbase. Changelly takes 5% on top of the existing 5% payment processor fee. 30,000 USD, Monthly spending limit: ? "acceptedAnswer": { Simply register and direct referrals to the Coinmama site with your customized referral link. Name Ticker Launch Year Bitcoin BTC 2009 Visit Litecoin LTC 2011 Visit EOS Token EOS 2017 Visit Ethereum ETH 2016 The company focuses on customer experience and customer service so that transactions are super quick (user verification takes around 30 minutes). It is your responsibility to follow those rules and laws in your country of residence or in the country from which you access this site and service. Account & Security Where safety comes first. Antarctica 7. Coinmama is a cryptocurrency exchange that has been around since 2013 and is available in 188 countries. Coinmama is well-known for enabling users to buy Bitcoins using a credit card and now also accepts Apple Pay. Coinmama is registered in Slovakia but they offer the service worldwide. }] Customer Service Coinmama has a dedicated customer support team that works around the clock. She deserves 10 stars! Visa Mastercard Cash (via Western Union transfer) SEPA (Single Euro Payments Area) This particularly important in the volatile world of crypto. Buy Crypto: Coinmama users are able to purchase supported cryptos by credit or debit card or by bank transfer or Apple Pay. The majority of Coinmamas negative reviews complained about one thing the identity verification process. Neither Bankrate nor this website endorses or recommends any companies or products. Coinmama does provide 24/7 email support, however. Acceptable IDs include: A non-US international passport (double page) A national ID card (both sides) A driver's license (both sides) Level 2 In addition to the ID uploaded for level 1, you need to submit a secondary ID. At the moment we do not have any payment methods available for customers residents in the following countries: Afghanistan Albania Algeria Angola Antigua and Barbuda Argentina Armenia Australia Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belize Benin Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Darussalam Burkina Faso Also, Coinmama does not store user credit card or bank details. As a financial service, Coinmama is committed to the highest security and privacy standards. They steal your personal information and use it for fraudulent activities. Pros: Good support, relatively quick verification process. SEPA Bank Transfer (EU Banks Only): Delivery is up to 1 business day and there are no additional fees. Coinmama has a presence in almost all countries, leading to an understanding of how popular Coinmama is. Which payment methods are accepted? Coinmama is a brokerage company that accepts a wide range of bank transfer options such as SWIFT (Worldwide), SEPA (Europe), Fedwire, Faster Payments and more. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. Coinmama is an excellent way to purchase Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Ethereum Classic, Qtum, and Cardano instantly with a Visa or MasterCard credit card or debit card. China says should advance peaceful reunification with Taiwan, China sets economic growth target of around 5% as parliament opens, 50,000 march across Australias Harbour Bridge for WorldPride, China sets slightly lower annual GDP growth target government report, At right-wing CPAC forum, Trump shows why hell be tough to topple, Britain says Ukraine forces defending Bakhmut under increasingly severe pressure, XRP Bulls to Target $0.39 on the Latest SEC v Ripple Case Filing, Crypto Market Daily Highlights: Silvergate Bank Fall Out Weighed, ETH Bears to Target Sub-$1,500 on Increasing Crypto Scrutiny, ADA Price Prediction: Bears Eye Sub-$0.320 on Crypto Scrutiny, XRP Recovers from Sub-$0.36 on a Friday SEC v Ripple Filing, Crypto Market Daily Highlights: BTC Visits Sub-$22,000 on Silvergate Bank. (Coinmama is planning to expand this beyond Bitcoin in the near-term, however). For more information about level 3, contact support@coinmama.com Be forewarned though that level 2 and level 3 verification may take up to six hours or more. For most bank-based payment methods like SEPA or Zelle the trade limit is 0.5 BTC . Getting Started Are you ready to buy bitcoins instantly with your Visa or MasterCard credit card or debit card? . Coinmama is registered in Slovakia but is owned by New Bit Ventures Limited that is headquartered in Israel. When ready to proceed, click "Complete My Profile" as shown below. ApplePay: Allows millions of Apple users a seamless experience when buying Bitcoin. Coinmama is available in more than 200 countries around the world, except for a few restricted areas. The maximum buying limits depend on your accounts verification level. This can be anything from a drivers license to a passport. Go to the Coinmama confirmation email and click Confirm Your Email. After submitting your details for verification, well then quickly go over it and make sure everything looks good. Great customer service and really easy to use. These fees include the broker fee only. Youre holding both the ID and the paper note yourself. Faster Payments (UK Banks Only): Delivery is up to 1 business day and there are zero additional fees. It offers services to over 180 countries around the world. "@type": "Question", Before making any purchase decision with an exchange always ensure to investigate the reputation of management, venture capital investors and regulatory approvals. Users claim that Coinmama requests a ton of information and in some cases rejects applications without giving proper explanation why. Lets hope theyll be back soon. but may require additional identity verification Other supported countries and territories: UK, Switzerland, Norway, Monaco, Montenegro, Serbia, Turkey, Andorra, Moldova, Gibraltar, Iceland, Greenland, Liechtenstein, Isle of Man . You can view the payment schedule here. Make sure to learn about each company's values and core mission and to perform proper due diligence on review sites, message boards and with investment professionals. Coinmama is supported in over 190 countries and is constantly adding more (view list). Click on the Send For Approval button. At this stage, Coinmama will proceed with the verification process and notify you by email upon completion. For demonstrative purposes, we will keep going with the desktop. Coinmama provides you with articles to read in order to become acquainted. This ensures that user assets are protected from theft. Verification time takes between 5 to 15 minutes. This is the account verification process. Coinmama users are able to freely insert the exact amount of USD, EUR, GBP, CAD, AUD, or JPY to purchase crypto. Bitstamp is one of the oldest and most respected exchanges out there, so its a solid alternative for Coinmama. "@type": "Question", *SEPA countries include: Andorra, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, Some regions are not yet able to use debit or credit cards. The base price is calculated from TradeBlocks XBX index. 100,000 USD. For more information on how to create an account with us, click here. Coinmama is an international cryptocurrency exchange. Being a top backer of a project with clear leaders would have given them an edge, and this is totally antithetical to the mission Bitcoin first set out to accomplish. It is important to note that Coinmama does provide exchange crypto wallets to house purchased cryptos. 15,000 USD / ? Coinmama support is typically pretty responsive. There are no wallets on the site, meaning that any purchase made is sent directly to the purchaser's wallet address of choice. Coinmama, based in Slovakia and founded in 2013, is a property of NBV International, which is a daughter company of New Bit Ventures Ltd company. Every new customer to Coinmama must submit verification for their account. Coinmama charged an extra 5% when purchasing through credit cards besides normal purchasing fees. Users may withdraw proceeds by bank transfer, or by credit or debit card. Yes. You may be wondering how long does Coinmama take to verify your account. Coinmama has lower fees for bank transfers, 0%, yet higher fees for credit card and debit card purchases, 5%, when compared to Coinbase which charges 1.49% and 3.99% respectively. Rates are calculated by the XBX Index average + 2% (STD dev) + Coinmama sales fee of between 0.1% and 0.9%. HOW IRRESPONSIBLE TO PROVIDE THE WRONG INFORMATION AND INSTRUCTIONS ONLINE, THEN THE COMPANY DOES NOT TAKE ANY ACTION AND SOLUTIONS FOR CUSTOMERS. A flat fee of 20 GBP is charged for users wishing to make an order below 1,000 USD. they are scammers. https://www.coinmama.com/blog/how-to-cash-out-your-bitcoin/. Supported Countries Currently CEX.IO BROKER operates the following countries: 1. When it comes to exchanges, Coinmama is often compared to Coinbase. 2. Key attributes of the Coinmama platform include: Coinmama has a rewarding affiliates program. Belarus 17. Payment methods document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); I bought bitcoins from coinmama is pending for 3 days without receiving my crypto what a bad services from coinmama after my account have been verified. For SEPA bank transfers there is no fee (0%), however, your bank may charge additional fees. Africa. You then need to enter the amount of Bitcoin you would like to buy. Once Coinmama receives the Bitcoins, the transaction will be processed and funds remitted to your bank account. Coinmama has a dedicated customer support team that works around the clock. For more information about level 3, contactsupport@coinmama.com. 7,500 USD / ? Payment Methods You can buy Bitcoin or Ethereum with your credit/debit card. Furthermore, you can view the confirmation of the order on the blockchain explorer. Since launching in 2013, Coinmama has amassed a total of 2,300,000 users across 197 countries. This is an important feature to consider, since sometimes a day or two can mean large price fluctuations. In order to change the purchase currency, simply go to the current dropdown menu and select your preferred currency. As long as your account is verified, once your order is placed, your bitcoin will arrive in your bitcoin wallet in approximately 10 minutes. This can be located under the Marketing Tools tab in your Coinmama account. Coinmama is a leader exchange in the crypto community by a group of crypto experts and entrepreneurs. You will require the following: When ready to proceed, click Complete My Profile as shown below. At this time Coinmama does not allow customers to sell Bitcoins on its platform. To fight fraud all users are required to submit verification before making a purchase. Coinmama is a reputable company and their support is pretty good. Once you have created your account, Coinmama will then prompt you to complete your profile. "name": "Coinmama", The photo must contain the ID you just uploaded and a piece of paper with Coinmama written on the piece of paper along with todays date. Countries supported: This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation. Countries Supported. Nicehash is the top crypto exchanges Germany that operates in most nations worldwide except for a select few nations like Yemen, Afghanistan, Iran, Iraq, and more. Sell Crypto: Users are able to sell Bitcoin on the Coinmama platform. Step 5: Congratulations! Visit Coinmama Read review How to Use Coinmama 1. Crypto purchases can be made in Aussie Dollar, Canadian Dollar, EURO, Japanese Yen, British Pound, and U.S Dollars. "offers": { ", Your personal details and documents are encrypted, and your credit card details are not stored anywhere on the Coinmama website or servers. Undoubtedly, an added benefit is that users can also sell Bitcoin for fiat money. By using this website, you accept our Terms of Use and Privacy Policy. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. } Paxful has an excellent customer service team which will help you answer any questions you may have. Each payment method has its pros and cons, the information below will help you decide what's most suitable for you to use. Coinmama is a non-custodial cryptocurrency broker from Israel that is incorporated in Europe, Slovakia. Coinmamas brokerage service allows you to buy Bitcoin and other cryptocurrencies easily with your credit card, SWIFT or SEPA transfer and was also the first company to partner up with Apple Pay to buy Bitcoin. "url": "https://www.smartbitcoininvestments.com/coinmama-review/", There is also a comprehensive Support FAQ that covers everything you need to know about the Paxful marketplace. Bhutan 21. Orders placed by bank transfers do not incur a momentum fee and carry no additional fees. Coinmama. Coinmama also supports multicurrency purchases of cryptos. When registered, you need to add your credit card details. 30,000 USD, Monthly spending limit: ? Coinmama accepts all currencies, in particular, USD, EUR, GBP, CAD, AUD, and JPY. In order to make any type of purchase youll need to complete some form of identity verification. } Click here! The pros of a brokerage service are mainly that the process is simple and fast, since you dont need to look for a buyer on your own. Coinbase has more options for cryptocurrency purchases (0x), while Coinmama supports Ripple and Cardano. All transactions are between the user and Coinmama. Today the company is headquartered in Dublin, Ireland and operated by Cmama Ltd. a subsidiary of New Bit Ventures Ltd. Coinmama is also officially registered and regulated as a Money Service Business with FinCEN. window.__mirage2 = {petok:"WgpiZBLxhAby4tG2DqiF5QTMMfQp4nATYxsI4D.kRJg-5356800-0"}; The executive team consists of Asaph Schulman (CEO), Nimrod Gruber (Co-Founder), Martin Koelbaek (CHO), Guy Ben-Yossef (CFO), Yaki Oliel (CRO). Bahamas 14. . Sign up for a Coinmama account and get verified for purchase. If you want to view more great exchanges for buying and selling bitcoin check out our full guide. We hate spam as much as you do. There are no withdrawal fees when purchasing cryptos on the Coinmama platform. You have the choice between uploading a (1) Drivers License, (2) National or State ID, or (3) Non-US Passport. Help Centre: A comprehensive library of articles is available to assist users with queries. Which payment methods are accepted? The process is called verification and is something everyone must go through before buying crypto anywhere. It is recommended that you do not store your bitcoins on Coinmama for an extended period of time and instead consider moving them to a secure cloud, smartphone or hardware wallet such theTrezor One. We strive to keep the list as up to date as possible, so we review it at least once a week. Bermuda 20. Rewards are paid only after 3 successful orders made by at least 3 different users. Prohibited Countries. A friendly experience in these days of automation! "worstRating": "0" Not only is Coinmama one of the most popular bitcoin exchanges around the globe, but also it is one of the oldest that accept credit card and debit card purchases. You might have limited functions in some countries but overall, the service is available in the widest range of countries. Complete the information requested. I think the help of your team is just great and I really appreciate the quick and uncomplicated, always friendly cooperation. This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Coinmama is one of the few exchanges supported almost worldwide. Since the formation, Coinmama has reached millions of customers in over 190 countries. A very user-friendly platform supporting both novice and experienced crypto investors. "@type": "Answer", Coinmama is more of a brokerage than a crypto exchange. "@type": "Answer", "@type": "Answer", I could have been scammed! Coinmama states that verifications should take from 30 minutes to up to one hour. Lastly, the comprehensive Support FAQ covers everything about the Coinmama platform from A to Z." Per the reports, Fiat and KIA will now sell cars in the Metaverse by utilizing the capabilities of ChatGPT. Offering a wide broad range of cryptos, Coinmama fills a much-needed void, by supporting the purchase of cryptos with fiat money. Both accept credit card and debit card payments and allow you to purchase Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Choose your payment method (credit card) and enter your details to complete the sale. Make sure to learn about each companys values and core mission and to perform proper due diligence on review sites, message boards and withinvestment professionals. Transfer options vary depending upon user domicile. Apart from two of the above IDs, you will also need to upload a utility bill. Password Any person with a valid Visa or MasterCard card issued in a non-sanctioned . Do you offer your services internationally? For completion of the verification process, please ensure the following: Once you have uploaded the selfie, click Looks Good. (As shown below). "acceptedAnswer": { Loyalty Program: The more crypto you buy or sell with Coinmama, the more you save. Restricted U.S. states Hawaii New York Restricted U.S. territories American Samoa Guam Northern Mariana Islands Puerto Rico United States Minor Outlying Islands Virgin Islands We are always working to serve new locations, so check in regularly to see if any changes have been made. "@type": "Offer", Step 2: On the next screen you will find a screen where you can enter your personal details such as email, password, first name, last name, country of residence and possibly yourstate of residence as well. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. Requiresa valid government-issued IDand aselfie of yourself holding that ID and a note with Coinmama and todays date written on it. Join Coinmama today. Countries with limited support: China, Russia. It offers a great, beginner-friendly platform that lets users purchase Bitcoin and other staple cryptocurrencies. The monthly limit is a moving sum of the last 30 days. Coinmama is currently available in 226 countries worldwide, and it also accepts all local currencies.